Gold price decrease Rs1,100 per tola in Pakistan

KARACHI: Gold prices in Pakistan recorded a significant decline on Tuesday after gains in local and international markets.

According to data shared by the All Pakistan Gems and Jewelers Association, the price of gold per tola fell by Rs1,100 to Rs356,600.

Similarly, the price of 10 grams of gold fell by Rs943 to Rs305,727.

The international market also witnessed a downward trend in gold prices, which closed at $3,339 per ounce with a decline of $11.

Meanwhile, an improving economic outlook and easing inflation have pushed the Pakistan Stock Exchange (PSX) to another record high on Tuesday as it crossed the 149,000-point mark for the first time in history.

As trading continued, the benchmark KSE-100 index surged over 1,000 points to 149,211.15 points in a record-breaking rally.

A day earlier, it too had seen a bullish trend, gaining 1,704.79 points, a positive of 1.16 per cent, to close at 148,196.42 points.

A total of 610,314,508 shares worth Rs 39.17 billion were traded during the day. Shares of 487 companies were traded on the stock market, of which 283 increased their share prices and 175 continued to decline, while 29 companies remained unchanged.